The revival of scenario planning: an integral part of reliable corporate management
Management can enhance corporate performance by using the scenario planning approach. This approach can help companies create flexible budgets and alternative courses of action for different scenarios, particularly financial instability.
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Europe alternatives: North Sea monster

The North Sea "super-grid", a
gargantuan project that could radically increase the use of renewable energy in northern Europe, is lurching ahead.
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Do innovations really pay off? Total stock market returns to innovation

The current study develops a new metric to assess the payoff to investing in innovation. The method is based on a computation of the abnormal stock market return to a firm on the day it announces an innovation event. The study is based on an analysis of 5,481 innovation events from 69 firms across 7 markets, during the period 1977-2006. The study finds that, contrary to widely held beliefs,
the stock market responds strongly and promptly to investments in innovation several years ahead of the launch of a new product. The findings may help managers more accurately assess the total market value of a proposed innovation or innovation project, well ahead of launch, as well as the potential returns for particular innovation activities.
Article also available in German